Posted by admin on Aug 13th, 2022
SG Americas Securities LLC lessened its stake in Unifi, Inc. (NYSE:UFI – Get Rating) by 41.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,674 shares of the textile maker’s stock after selling 6,236 shares during the quarter. SG Americas Securities LLC’s holdings in Unifi were worth $157,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in UFI. Lazard Asset Management LLC increased its stake in shares of Unifi by 33.9% in the 4th quarter. Lazard Asset Management LLC now owns 3,618 shares of the textile maker’s stock worth $83,000 after acquiring an additional 915 shares during the last quarter. Boston Partners grew its holdings in shares of Unifi by 17.6% in the fourth quarter. Boston Partners now owns 12,066 shares of the textile maker’s stock valued at $279,000 after purchasing an additional 1,803 shares during the period. Alpha Paradigm Partners LLC increased its position in Unifi by 41.5% during the fourth quarter. Alpha Paradigm Partners LLC now owns 10,243 shares of the textile maker’s stock worth $237,000 after purchasing an additional 3,006 shares during the last quarter. American Century Companies Inc. raised its stake in Unifi by 21.1% during the fourth quarter. American Century Companies Inc. now owns 18,988 shares of the textile maker’s stock worth $440,000 after purchasing an additional 3,304 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in Unifi by 21.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 20,700 shares of the textile maker’s stock valued at $479,000 after purchasing an additional 3,700 shares during the last quarter. Hedge funds and other institutional investors own 74.37% of the company’s stock.
NYSE UFI opened at $13.15 on Friday. The stock has a fifty day simple moving average of $13.87 and a 200-day simple moving average of $16.02. The company has a current ratio of 3.14, a quick ratio of 1.71 and a debt-to-equity ratio of 0.24. The stock has a market cap of $242.99 million, a PE ratio of 16.23 and a beta of 0.98. Unifi, Inc. has a twelve month low of $12.10 and a twelve month high of $25.70.
Separately, CJS Securities lowered shares of Unifi from an “outperform” rating to a “market perform” rating in a research report on Thursday.
Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in the United States, Brazil, China, and internationally. It operates in four segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment offers partially oriented, textured, solution and package dyed, twisted, beamed, and draw wound yarns; and pre-consumer and post-consumer waste products, including plastic bottle flakes, polyester polymer, and staple fiber beads to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.
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